FORAX
ActiveFORAX has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.10M and a net result of €470k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 26% of 922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
73
/ 100
Healthy▲ +46 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency27▲+2
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.14 in 2024), and 81.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.1%
Return on assets
7.7%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
34 d early
2023
16 d early
2022
25 d early
2021
25 d early
2020
30 d early
2019
10 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€470k
2024 · €-6k
2018: €114k
2019: €320k
2020: €-401
2021: €-9k
2022: €-1k
2023: €-5k
2024: €-6k
2018 → 2025
Working capital
€910k▲ 6.0%
2024 · €858k
2018: €641k
2019: €973k
2020: €1.01M
2021: €1.12M
2022: €1.03M
2023: €952k
2024: €858k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.13M-€1.13M▼ 0.1%€1.12M▼ 0.4%€1.12M▼ 0.6%€1.10M▼ 1.5%
Operating result€22k-€28k▲ 25.4%€47k▲ 66.8%€51k▲ 7.8%€675k▲ 1,233%
Net result€-9k-€-1k▲ 84.7%€-5k▼ 215%€-6k▼ 41.4%€470k
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 1,233% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.07M
Fixed assets
€190k▼ 26.5%
Current assets
€5.88M▼ 16.7%
Equity and liabilities €6.07M
Equity
€1.10M▼ 1.5%
Debt
€4.97M▼ 19.9%
The debt ratio falls from 84.7% to 81.9%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€757k▲
2024 · €119k
Cash flow
€553k▲
2024 · €61k
Solvency
18.1%▲
2024 · 15.3%
Current ratio
1.18▲
2024 · 1.14
Quick ratio
1.18▲
2024 · 1.14
Debt / equity
4.52▼
2024 · 5.55
ROE
42.7%▲
2024 · -0.6%
ROA
7.7%▲
2024 · -0.1%
Interest coverage
10.02▲
2024 · 1.39
Debt
€4.97M▼
2024 · €6.20M
Debt ≤ 1 year
€4.97M▼
2024 · €6.20M
Income taxes
€183k▲
2024 · €19k
Staff costs
€1.29M▲
2024 · €994k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7.32M€6.07M▼
Fixed assets21/28€259k€190k▼
Intangible fixed assets21€9k€7k▼
Tangible fixed assets22/27€250k€183k▼
Plant, machinery and equipment23€12k€16k▲
Furniture and vehicles24€238k€167k▼
Financial fixed assets28€1€1=
Current assets29/58€7.06M€5.88M▼
Amounts receivable after more than one year29€8k€0▼
Other amounts receivable291€8k€0▼
Amounts receivable within one year40/41€3.75M€3.97M▲
Trade receivables40€622k€536k▼
Other amounts receivable41€3.13M€3.43M▲
Current investments50/53€1.50M€1.00M▼
Cash at bank and in hand54/58€1.79M€897k▼
Deferred charges and accrued income490/1€18k€18k▼
Equity and liabilities
Total equity and liabilities10/49€7.32M€6.07M▼
Equity10/15€1.12M€1.10M▼
Contributions10/11€1.00M€1.00M=
Capital10€1.00M€1.00M=
Issued capital100€1.00M€1.00M=
Reserves13€117k€100k▼
Non-distributable reserves130/1-€100k
Legal reserve130-€100k
Distributable reserves133€117k€0▼
Profit (loss) carried forward14-€0
Amounts payable17/49€6.20M€4.97M▼
Amounts payable within one year42/48€6.20M€4.97M▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€3k€5k▲
Credit institutions430/8€3k€5k▲
Trade debts44€1.45M€1.45M▼
Suppliers440/4€1.45M€1.45M▼
Advances received on contracts in progress46€181k€67k▼
Taxes, remuneration and social security45€105k€127k▲
Taxes450/3€8k€15▼
Remuneration and social security454/9€97k€127k▲
Other amounts payable47/48€4.46M€3.32M▼
Income statement
Code20242025
Non-recurring operating income76A€9k€623k▲
Remuneration, social security and pensions62€994k€1.29M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€83k▲
Other operating charges640/8€13k€11k▼
Gross operating margin9900€1.13M€2.06M▲
Operating profit (loss)9901€51k€675k▲
Financial income75/76B€47k€54k▲
Recurring financial income75€47k€54k▲
Financial charges65/66B€85k€76k▼
Recurring financial charges65€85k€76k▼
Profit (loss) for the period before taxes9903€12k€653k▲
Income taxes67/77€19k€183k▲
Profit (loss) for the period9904€-6k€470k▲
Profit (loss) for the period to be appropriated9905€-6k€470k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€470k▲
Transfer from equity791/2€6k€117k▲
Transfer to equity691/2-€100k
To the legal reserve6920-€100k
Profit to be distributed694/7-€487k
Return on contributions (dividend)694-€487k
Social balance
Average headcount (FTE)908714.917.0▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €470k
Net result €470k after 5 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
2019
31-12
Financial
Equity above €1MEq €1.14M ▲39%
2 profitable years in a row build equity to €1.14M.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Excelsiorlaan 191930 ZaventemGround area
1,765 m²
Building footprint
603 m²
Volume, LiDAR
4,292 m³
Parcel 23094D0045/00X002, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Forax
since 20102.191.459.929
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0045/00X002 | Flanders | 1,765 m² | 1 · 603 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
984500B67EF64N8B6086
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 26,695 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-09-2010
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
82990Other business support services
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:02/669 94 44